Tidal Power: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, whether his Department will consider setting a £40m tidal stream ringfence in Allocation Round 7 of the Contracts for Difference mechanism.
Answered by Michael Shanks
The Government is undertaking analysis of the technology pipeline available for Contracts for Difference Auction Round 7 against our legal obligations. We are considering the appropriate parameters for all technologies, including tidal stream. Final parameters will be published in the Budget Notice by December 2025.
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